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Topic: If Bitcoins dropped to $9.50, would you sell everything? - page 2. (Read 3355 times)

hero member
Activity: 2926
Merit: 722
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This was really a blast from the past.... Image to have been around when Bitcoin was going at that price. I got in at about $300 and I thought it was way over priced... but I still took the change. A few years after that, I sold some of those coins for $1000 and then at $20 000 and recently for $50 000.

I think in 10 years from now, I will still feel like a fool for doing that, when the price goes for $1 000 000 a coin.  Roll Eyes  No matter what happens to the price of Bitcoin.... it still stays a bargain. Hodl and sell some coins every ATH... because it is a absolute joy to be part of this.  Grin
The purpose on why you do engage into this market wont really have any thrill or excitement if you do just simply hold no matter what and missing out those selling chances specially on ATH times.

We can say that those coins in the market were really cheap since we have seen on how far it did go but when we are on that time then for sure we would really have the same mindset on what we are seeing now.

No one do ever thought that we would really be become big like this and never anticipated that adoption do really go to the rooftop.This might be an old thread but its really great to grave dig
and making out discussions about this and how great and do give out that good feeling or somewhat have that regret inside on selling out early.
legendary
Activity: 3472
Merit: 1963
Leading Crypto Sports Betting & Casino Platform
This was really a blast from the past.... Image to have been around when Bitcoin was going at that price. I got in at about $300 and I thought it was way over priced... but I still took the change. A few years after that, I sold some of those coins for $1000 and then at $20 000 and recently for $50 000.

I think in 10 years from now, I will still feel like a fool for doing that, when the price goes for $1 000 000 a coin.  Roll Eyes  No matter what happens to the price of Bitcoin.... it still stays a bargain. Hodl and sell some coins every ATH... because it is a absolute joy to be part of this.  Grin
jr. member
Activity: 40
Merit: 5
10 years later, Here as an owner of at around 8.000.000 SATS [aiming for 10mS] purchased at 25k per Bitcoin level.
Gotta love' the old comments of true Bitcoin appreciators bro.
It blows my mind I wasn't back than at this forum Cry  not to be multi millionaire or anything, just to be part of the Revolution.
One's fortune is a trial on his/her life, I'd rather die with 0$ than zillions and stand before God on Judment Day with all that Burden of mine if I had not  helped others and the needy.
I hope everyone of you old participants on this forum did good man.
What a time to be alive Smiley
HODL and cheer up.

I wonder if anyone will reply me 10 years after from now and salute me upong my Precious SATS <3

#bitcoinpower
copper member
Activity: 268
Merit: 7
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10 years ago..

Some people here believe the true value of Bitcoins is under $5, and if the inflationary wall at $10 could be breached then it would plummet further. Basically would you sell everything to save what little value you have left?

Anything lower than 10, I buy buy buy...


10 years later..

Quote
Anything lower than 10,000,000 I buy buy buy...

Hopefully hyperinflation doesn't hit us first Smiley
copper member
Activity: 630
Merit: 2610
If you don’t do PGP, you don’t do crypto!
LOL.  A half-day after I posted this to the Wall Observer:

N.b. that if he had held, he would have reached 1,000,000x gains at $60,000.  (100,000,000% ROI at $60,000.06.)  But the bubble has burst, and now he would be down to about 909,000x gains.  Bitcoin is dead, etc., etc.

https://twitter.com/GregSchoen/status/70261648811761665



I wish I had panic sold at $24

So, did you wind up holding?

(Asking because this user has logged in as recently as last month.  If he won’t answer for reason of privacy, I will understand!)


Why would you sell because the price dropped?  That is the way poor people think.

It’s the flipside of buying on FOMO when the price is up.  Buy high, sell low!


Yes... I will sell all my belongings to buy more..

^^^ Winner of this thread.
legendary
Activity: 3654
Merit: 1217
Some people here believe the true value of Bitcoins is under $5, and if the inflationary wall at $10 could be breached then it would plummet further. Basically would you sell everything to save what little value you have left?

LOL.. "some" people think that true value of Bitcoin is $1. Some others think that the true value is $0.01. That doesn't matter for me, because I believe that the fair valuation of Bitcoin will be in six digits very soon. And in case Bitcoin goes down to $5, then I will be purchasing a few tens of thousands of coins from my cash reserves. Because I know that within the next 10-15 years, the BTC exchange rate will increase by a lot.
legendary
Activity: 3150
Merit: 1392
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The numbers have changed so much over 10 years, it's really unbelievable that $10 per BTC used to be a question  Cheesy
However, just like back then, there are always people making the same mistake and panic selling when things aren't as they used to be. There were times when $1k seemed too expensive, and then $10k and $20k... But Bitcoin always recovers and eventually sets the new ATH. Still, I wouldn't buy at ATH because it might require waiting for years to profit at least a little bit.
sr. member
Activity: 1120
Merit: 437
https://bitcointalk.org/index.php?topic=5274318.0
I've got emotional for seeing this topic. The price has gone up to insane levels in 10 years. The new ATH is over 60K dollars now which is really unbelievable when you compare it with the price many years ago. I wonder, years from now, what kind of a conversation we will have.  Grin

me too. but it's more like.. "wooo.. I have a post at a thread where the bitcoin OG have a conversation about bitcoin price in 2011". lol
someone who read this post in the future,.. HI GUYS!  Grin
I remember the first time I read about bitcoin in 2012, I thought it was a coin for a game. you collect it by playing a game and find a buyer who plays the same game too. what a dumb.

sr. member
Activity: 1526
Merit: 420
Our grandchildren’s might laugh at us reading this topics. I’m just curious how many of these people still holding holding their BTC’s up to this day. It’s never too late if you believe in this asset, maybe in next few years this topic might be bump again and people reading this might be laughing at people talking BTC at $60k.
sr. member
Activity: 1428
Merit: 275
BitByte Crypto: https://link3.to/bitbytecrypto
10 years later..

Quote
Anything lower than 10,000,000 I buy buy buy...
Maybe, everyone will say, "Anything lower than 100,000,000 I only buy buy buy....  Grin

Sounds like crazy prediction, but bitcoin might make it and than others will make a post like us in future. Over the time, bitcoin is sure to go through bullish and bearish market, but it's price always will be moved upward from its starting point.  Wink
sr. member
Activity: 1638
Merit: 273
I've got emotional for seeing this topic. The price has gone up to insane levels in 10 years. The new ATH is over 60K dollars now which is really unbelievable when you compare it with the price many years ago. I wonder, years from now, what kind of a conversation we will have.  Grin
legendary
Activity: 2114
Merit: 1292
There is trouble abrewing
and they say history doesn't repeat itself and people learn from the past.

if anything most people ignore the past and repeat the same thing over and over again. just replace $9.50 in the title with any price close to the current levels ($50k for example) and you'll see numerous topics all around the internet!
2011 and 2021 are different in one digit Tongue
member
Activity: 686
Merit: 26
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Billionaires become greedy on the fall and not on that rise, so buying more during the fall is more beneficial provide you believe that bitcoin will not become zero or worthless and will bounce back even if the prices fall drastically. Time and again we have seen how bitcoin have bounced back and created so many times the new ATH and will continue to rise ahead too.

hero member
Activity: 1659
Merit: 687
LoyceV on the road. Or couch.
Anything lower than 10, I buy buy buy...
Lol. I can only say I agree Cheesy
Tell you what, I'll even double it!
legendary
Activity: 3192
Merit: 2979
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Why would you sell because the price dropped?  That is the way poor people think.
I agree. When the price drops to a reasonable number you don't sell, you buy. Quite the opposite.

And, though, I get that the OP question is only putative, I do not think BTC will go under 20K any time soon...


Sell and take the loss is a terrible move, and the only reason to do this is if we need the money in that time, but is something that no one should ever do. In the end is how the markets work, remember every time someone is winning another person is losing.

Just like the ones who buy at $20k 2 years ago, they had to wait for a long period but today they have tripled up their investment.

I really enjoy reading this thread from 2011 and see how people react to the price of $10.  Grin
legendary
Activity: 2030
Merit: 1189
Why would you sell because the price dropped?  That is the way poor people think.
I agree. When the price drops to a reasonable number you don't sell, you buy. Quite the opposite.

And, though, I get that the OP question is only putative, I do not think BTC will go under 20K any time soon...
newbie
Activity: 8
Merit: 4
10 years ago..

Some people here believe the true value of Bitcoins is under $5, and if the inflationary wall at $10 could be breached then it would plummet further. Basically would you sell everything to save what little value you have left?

Anything lower than 10, I buy buy buy...


10 years later..

Quote
Anything lower than 10,000,000 I buy buy buy...
member
Activity: 112
Merit: 10

Yay a thread of bagholders.  You guys are the fuel that keeps the machine going.

*salute*
yea? and??? you are the fuel that keeps the dollar machine going. Do you hold any gold or silver? Because if you do, you keep the precious metal machine going! A good idea means NOTHING if there is no one supporting it.
hero member
Activity: 774
Merit: 500
Look ARROUND!

Yay a thread of bagholders.  You guys are the fuel that keeps the machine going.

*salute*
hero member
Activity: 658
Merit: 500
[rule]:  never sell at a loss and never gamble what you cant lose.

i wont sell at anything less than 10% profit after fees.  at which point, everything (profit included) gets re invested at a lower price, restarting the cycle. 

i havent panic sold yet, and i refuse to.....







I wish I had panic sold at $24
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